In today’s competitive labor market, with many talented people, it is important if we want to have the best professionals, that we can offer them concrete benefits.
The so-called emotional salary is one of the elements that makes one company more attractive than another. It refers to those benefits that do not translate into an economic reward as such, but go beyond. For example, family reconciliation, flexible working hours or health insurance in companies.
Health insurance is a highly valued social benefit that benefits both the employee and the company itself. In this way we can not only attract talent but also make that talent want to stay in our company. If we want a happy company that generates profits and stands out from the rest, we must bet on happy workers. And healthy.
Why introduce social benefits in the company?
Offering company health insurance to our employees will be a highly valued social benefit. Being able to opt for an employee or manager to have the advantages of a private health insurance will generate greater satisfaction, but also to be attended in a more agile way with respect to public health care.
The benefits of group health insurance go far beyond the go far beyond the scope of work. We cannot forget that facilitating the wellbeing of our employees results in many things: a better working environment, greater commitment to the company, etc. But it also translates into less sick leave or a more effective resolution of workers’ health problems.
The most important assets of a company are its employees, and if we do not take care of them, we lose them.
What types of health insurance can be offered?
The type of insurance that we can find is diverse, and will vary according to several aspects. In general, the insurances that we can find are:
- Outpatient insurance: the most basic ones cover visits to specialists and diagnostic tests.
- Full medical insurance with co-payments: in addition to the above, you can be hospitalized and surgeries are covered. The limitation is that you cannot choose a doctor, you can only go to the doctors indicated by the insurance company. In addition, there is an additional cost for its use.
- Full medical insurance with no co-payments: the same, but without assuming an additional cost each time you use the insurance.
- Reimbursement insurance: free choice of doctor and clinic anywhere in the world
There are several types of insurance contracts:
- The company pays the cost of group health insurance in full.
- The company does not finance and makes cheaper rates available to the employee. It can be channeled through flexible remuneration (by deducting it from the employee’s paycheck).
The choice of one or the other will depend on what you are most interested in, taking into account the number of workers, type of company, budget, objectives, …
The social benefit for loyalty and motivation
We have already pointed out that group health insurance is beneficial for both the company and the employees. Not only in relation to health, which is obvious, but also because of its motivating and loyalty-building element for employees.
It is the most valued of all the social benefits that a company can offer, and this generates a preference for working in an organization that goes the extra mile to take care of its workers and families.
And, of course, we cannot lose sight of the fact that absenteeism is reduced, thus increasing productivity. By helping to minimize the risk of sick leave, leaves of absence, etc. through more agile care and diagnostics.
A fiscally beneficial expense for both the company and the employee
To all this we must add, in addition, that it is a fiscally beneficial expense. The rates are already much more economical, in fact, discounts of up to 40% can be obtained for the same policy. The tax deductions on health insurance for companies are the most interesting ones:
- Everything paid by the company is deductible for corporate income tax purposes: 25% of the expense is borne by the tax authorities
- The first 500 euros invested per insured and year is not computed in the IRPF for the worker. As it is considered salary in kind, it is not subject to withholding and if it is deducted from your paycheck it will reduce your taxable income.
In short, if you are looking to offer your employees the best and improve their medical care with health insurance, first analyze what is available, what type interests you most and what your budget is going to be (if you want to assume something, of course). Of course, when betting on your employees, they are all advantages.
Do you have any doubts? Contact us, and we will help you choose the company health insurance that best suits your organization.
